1. Financial Results Approval

The Board approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended 30th June, 2026, along with the limited review report from the statutory auditors.

Standalone Financial Results (₹ in lakhs):

  • Revenue from operations: ₹26,348.47 (Q1 FY27) vs ₹24,887.79 (Q1 FY26)
  • Total income: ₹26,694.59 (Q1 FY27) vs ₹25,135.62 (Q1 FY26)
  • Profit before tax: ₹841.10 (Q1 FY27) vs (₹558.28) loss (Q1 FY26)
  • Profit after tax: ₹666.70 (Q1 FY27) vs (₹375.77) loss (Q1 FY26)
  • Basic EPS: ₹2.64 (Q1 FY27) vs (₹1.49) (Q1 FY26)
  • Diluted EPS: ₹2.64 (Q1 FY27) vs (₹1.49) (Q1 FY26)

Consolidated Financial Results (₹ in lakhs):

  • Revenue from operations: ₹28,807.53 (Q1 FY27) vs ₹27,195.19 (Q1 FY26)
  • Total income: ₹28,989.67 (Q1 FY27) vs ₹27,262.14 (Q1 FY26)
  • Profit before tax: ₹935.90 (Q1 FY27) vs (₹512.65) loss (Q1 FY26)
  • Profit after tax: ₹733.71 (Q1 FY27) vs (₹356.74) loss (Q1 FY26)
  • Profit attributable to owners: ₹703.27 (Q1 FY27) vs (₹383.51) loss (Q1 FY26)
  • Basic EPS: ₹2.78 (Q1 FY27) vs (₹1.52) (Q1 FY26)
  • Diluted EPS: ₹2.78 (Q1 FY27) vs (₹1.52) (Q1 FY26)

2. Annual General Meeting

The 85th Annual General Meeting of the Company will be held on Monday, 21st September, 2026 at 3:30 p.m. through Video Conferencing/Other Audio-Visual Means in accordance with relevant circulars issued by MCA and SEBI.

3. CFO Resignation

The Board approved the resignation of Mr. Nilesh A Pandya as Chief Financial Officer of the Company effective from closure of business hours on 7th August, 2026. Mr. Pandya resigned to pursue other career opportunities. There were no other material reasons for his resignation.

4. New CFO Appointment

On recommendation of Nomination and Remuneration Committee, the Board approved the appointment of Mr. Niravkumar C Mistry as the Chief Financial Officer with effect from 8th August, 2026. Mr. Mistry is a seasoned finance professional with 20+ years of experience in fund raising, capital management, debt capital markets, M&A, strategy, finance and accounts. He has previously worked with Megha Engineering & Infrastructure Ltd, Arvind Ltd, Adani Group and Reliance Industries Ltd.

5. Accounting Policy Change

The company changed its method of inventory valuation from FIFO basis to Weighted Average basis during the quarter ended 30th June 2026. This change was made to eliminate manual intervention, provide consistent basis for inventory valuation, and utilize full functionalities of the newly implemented ERP system.

The change has been retrospectively applied to all prior periods from 1st April 2025. As at 1st April 2025, the value of inventory decreased by ₹9.03 lakhs and retained earnings decreased by ₹6.76 lakhs (net of tax).

Impact on Statement of Profit and Loss (Standalone, ₹ in lakhs):

  • Decrease in Cost of Materials Consumed: (₹34.15) for Q1 FY27
  • Increase in Profit Before Tax: ₹36.58 for Q1 FY27
  • Decrease in Profit After Tax: (₹27.38) for Q1 FY27
  • Change in EPS (Basic): (₹0.11) for Q1 FY27

6. Segment Information (Consolidated)

The company operates in three business segments:

1. Agro Processing-Maize: Revenue ₹25,519.35 lakhs (Q1 FY27)

2. Agri Seeds: Revenue ₹2,460.71 lakhs (Q1 FY27)

3. Spray Dried Food Products: Revenue ₹875.18 lakhs (Q1 FY27)

7. Board Meeting Details

The meeting commenced at 11:00 a.m. and concluded at 12:30 p.m. on 7th August, 2026.

8. Auditor's Review

The statutory auditors, Shah & Shah Associates, issued an unmodified opinion on both standalone and consolidated financial results after conducting limited review.